FX News

AUD/EURO Transfer

The Australian Dollar (AUD) continues to rally against the Euro (EUR) extending moves 2 straight weeks to 0.6075 (1.6460), a 4% shift off early August levels. Earlier eurozone trade surplus surprised to the topside helping to boost the EUR for a bit before the Aussie retained momentum. On the calendar this week is eurozone manufacturing and the Jackson Hole Symposium which could throw up surprises.

Current Level: 0.6070
Resistance: 0.6170
Support: 0.5990
Last Weeks Range: 0.5971- 0.6052

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